4//SEC Filing
KRONOS INC 4
Accession 0000886903-07-000082
CIK 0000886903operating
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 5:45 PM ET
Size
17.1 KB
Accession
0000886903-07-000082
Insider Transaction Report
Form 4
KRONOS INCKRON
AIN MARK S
DirectorCEO, Chairman of the Board
Transactions
- Disposition to Issuer
Option to Buy
2007-06-11$16.19/sh−88,500$1,432,815→ 0 totalExercise: $38.81Exp: 2008-05-21→ Common Stock (88,500 underlying) - Disposition to Issuer
Option to Buy
2007-06-11$6.79/sh−56,000$380,240→ 0 totalExercise: $48.21Exp: 2009-05-22→ Common Stock (56,000 underlying) - Other
Common Stock
2007-06-11−45,455→ 0 total - Disposition to Issuer
Restricted Stock Units
2007-06-11$54.99/sh−17,500$962,325→ 0 totalExercise: $0.01Exp: 2010-12-16→ Common Stock (17,500 underlying) - Disposition to Issuer
Common Stock
2007-06-11−148,233→ 0 total - Disposition to Issuer
Option to Buy
2007-06-11$6.78/sh−50,000$339,000→ 0 totalExercise: $48.22Exp: 2010-06-05→ Common Stock (50,000 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to merger agreement between issuer and Seahawk Merger Sub Corporation in exchange for a cash payment of $55 per share on the effective date of the merger.
- [F2]Disposed of pursuant to merger agreement between issuer and Seahawk Merger Sub Corporation in exchange for 500,005 shares of Seahawk Acquisition Holdings Corporation ("Seahawk Holdings"). Each share of the issuer was exchanged for 11 shares of Seahawk Holdings.
- [F3]This option, which provided for vesting in four equal installments beginning on November 21, 2004, was canceled in the merger in exchange for a cash payment of $1,432,815, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F4]This option, which provided for vesting in four equal installments beginning on November 22, 2005, was canceled in the merger in exchange for a cash payment of $380,240, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F5]This option, which provided for vesting in four equal installments beginning on December 5, 2006, was canceled in the merger in exchange for a cash payment of $339,000, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F6]This restricted stock unit award ("RSU"), which, subject to a performance goal being met by the company for fiscal 2007, provided for vesting in four equal installments beginning on November 16, 2007, was canceled in the merger in exchange for a cash payment of $962,325, representing the difference between the conversion price of the RSU and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
Documents
Issuer
KRONOS INC
CIK 0000886903
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0000886903
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 5:45 PM ET
- Size
- 17.1 KB